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Compute ending inventory at cost

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Question - Sage Hill Beachwear Inc. had beginning inventory of $42,400 at cost and $50,880 at retail. Net purchases were $222,600 at cost and $258,640 at retail. Net markups were $6,360, net markdowns were $19,080, and sales revenue was $243,800. Compute ending inventory at cost using the conventional retail method.

Reference no: EM132538400

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